Leisure Travel Demand Fuels Hyatt’s Rooms Growth in the Latin America and Caribbean Region

Leisure Travel Demand Fuels Hyatt’s Rooms Growth in the Latin America and Caribbean Region

With a strong leisure-focused pipeline in Latin America and the Caribbean, Hyatt is expected to add more than 20 new hotels through 2024

CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) announced today strategic brand growth in the Latin America and Caribbean region with a strong development pipeline of more than 20 planned luxury and lifestyle hotels and resort openings through 2024, including the expansion of Hyatt brands into new markets.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220921005716/en/

Hyatt House Monterrey Valle/San Pedro and Hyatt Place Monterrey Valle Exterior (Photo: Business Wire)

Hyatt House Monterrey Valle/San Pedro and Hyatt Place Monterrey Valle Exterior (Photo: Business Wire)

“Latin America and the Caribbean are top leisure destinations for global travelers, and we continue to grow Hyatt’s brand presence in this important region to offer unique experiences to high-end travelers in new markets and sought-after destinations,” said Camilo Bolaños, senior vice president of development, Latin America & the Caribbean, Hyatt. “These exciting new hotels and resorts across Hyatt’s portfolio of upscale hotel brands reinforce our commitment to thoughtfully growing in key markets that matter to our guests, World of Hyatt loyalty members and customers.”

Development Momentum in a Key Growth Region

Driven by leisure travel demand, the newly opened and expected hotels and resorts mark significant growth milestones for Hyatt that include:

  • New planned openings in the region such as Secrets Tulum Resort & Beach Club (Mexico) and Hyatt Centric San Jose — Escazu (Costa Rica).
  • Planned introduction of the first Park Hyatt hotel in Mexico: Park Hyatt Los Cabosand Residences; and the first Andaz hotel in Mexico’s historic capital city: Andaz Mexico City Condesa.
  • Expanded brand presence in new markets throughout Mexico that include: Monterrey with Hyatt Place Monterrey Valle and Hyatt House Monterrey Valle/San Pedro, both expected to open this year, and Thompson Monterrey, slated to open in 2024; and San Miguel de Allende with NUMU, part of The Unbound Collection by Hyatt.

As a result of the acquisition of Apple Leisure Group, Hyatt’s Latin America and Caribbean region expected growth includes a nearly 20% expansion of Hyatt’s Inclusive Collection expected by the end of 2024 with the debut of new luxury all-inclusive resorts such as Secrets Impression Moxché (Mexico), Secrets Impression Isla Mujeres (Mexico), Dreams Cozumel Cape Resort & Spa (Mexico), Dreams Estrella del Mar Mazatlán Golf & Spa Resort (Mexico), Dreams Flora Resort & Spa and Secrets Tides Punta Cana (Dominican Republic), Zoëtry Marigot Bay St. Lucia and Secrets St. Lucia Resort & Spa.

Hyatt’s Inclusive Collection delivers elevated all-inclusive experiences with best-in-class resort brands including Hyatt Ziva, Hyatt Zilara, Zoëtry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Vivid Hotels & Resorts (coming soon), Alua Hotels & Resorts and Sunscape Resorts & Spas.

“The Inclusive Collection’s expansion in Latin America and the Caribbean brings one of the world’s largest regional portfolios of luxury all-inclusive resorts to global travelers seeking seamless, world-class experiences,” said Javier Coll, Group President of Global Business Development and Innovation at Apple Leisure Group. “Whether celebrating life’s big moments, looking for quality family time or an extra measure of romance at a breathtaking destination, the Inclusive Collection’s new and existing properties offer unforgettable experiences for everyone and every stay occasion.”

Thoughtful Growth Brings Expanded Stay Opportunities & Experiences in More Markets

Grounded in desirable destinations known for their culture, architecture, cuisine and history, new Hyatt properties offer guests, World of Hyatt members and customers endless opportunities to experience Hyatt’s luxury, lifestyle and resort offerings. Executed managed and franchise deals in Latin America and the Caribbean are highlighted by new Hyatt properties slated to open across its brand portfolio, including:

Boundless Collection hotels that deliver best-in-class offerings and compelling experiences designed to excite and inspire, featuring:

  • Andaz Mexico City Condesa (Mexico): Located in Mexico City’s historic Condesa neighborhood, full of vibrant, cultural richness and architectural significance, this 213-room, luxury lifestyle hotel with state-of-the-art meeting and event facilities is expected to open Fall 2022, marking the first urban Andaz property in Mexico and the second Andaz hotel in Mexico.
  • Thompson Monterrey (Mexico): This 150-room lifestyle hotel, part of the new mixed-use complex Torre IKON, will be the first Thompson Hotel in Mexico’s state of Nuevo León and is expected to open in 2024.

Timeless Collection hotels that deliver impeccable service and thoughtful amenities. New properties in the region expected to open by the end of 2024 include:

  • Hyatt House Monterrey Valle/San Pedro and Hyatt Place Monterrey Valle (Mexico): This dual-branded development will be the first Hyatt hotels in Monterrey, Mexico, which are slated to open in Fall 2022, offering guests an ideal homebase for exploring Monterrey’s Valle Oriente, San Pedro Garza García and more with the added convenience of the new, seamless room key in Apple Wallet feature.
  • Hyatt Regency Mexico City Insurgentes(Mexico): Situated on the iconic Insurgentes Avenue, and steps away from the World Trade Center Mexico City, this 201-room hotel is slated to open in late 2022 as a hub for business and leisure travelers with several venues for meetings and events, conferences and celebrations.
  • Grand Hyatt Cancún Beach Resort(Mexico): Situated in the eastern part of the Yucatán Peninsula with expansive views overlooking the Caribbean Sea and nearby Isla Mujeres, this luxurious resort is slated to open in 2024.
  • Park Hyatt Los Cabos and Residences(Mexico): Expected to open in 2023, this luxury property will mark the first Park Hyatt hotel in Mexico and will feature a master-planned golf resort that stretches along two miles of pristine beach in Cabo del Sol – Los Cabos, Baja California Sur.
  • Park Hyatt Mexico City (Mexico): Expected to open in 2024 with 155 guestrooms, Park Hyatt Mexico City will be located on the upscale Campos Eliseos Street overlooking the iconic Chapultepec Park.

Inclusive Collection resorts deliver immersive, elevated experiences where everything is seamlessly included. The Inclusive Collection is expected to debut 10 new resorts in the region by the end of 2024, highlighted by:

  • Dreams Cozumel Cape Resort & Spa (Mexico): Ideally located on the island of Cozumel and set to open Fall 2022, this family resort will feature a charming setting, white-sand beaches, coral reefs and calm ocean waters – making it a haven for scuba diving and snorkeling.
  • Dreams Flora Resort & Spa (Dominican Republic): Located on a picturesque palm-studded beach in Cabeza de Toro, Punta Cana, and expected to open at the end of 2022, this property will feature 520 luxuriously appointed rooms, each with a private terrace or balcony offering ocean, garden and pool views.
  • Dreams Estrella del Mar Mazatlán Golf & Spa Resort (Mexico): Slated to open in 2023 and located within Estrella del Mar, a private gated golf & residential community stretching over 900 acres, this stunning resort is situated on 3.5 miles of pure, secluded beachfront.
  • Hyatt Zilara Riviera Maya (Mexico): Expected to open late 2022, Hyatt Zilara Riviera Maya will be the latest addition to Hyatt’s award-winning, all-inclusive adult experience nestled in the secluded region of Riviera Maya with easy access to the Cancún International Airport and only six miles from Playa del Carmen. This sophisticated all-inclusive resort will offer 291-suites with modern hacienda charm, sitting alongside a long stretch of pure white sand beach.
  • Secrets Impression Moxché (Mexico): Discover the most elevated level of all-inclusive luxury with the introduction of the Impression concept to the Secrets portfolio. Slated to open Fall 2022, this all-suite, boutique resort will deliver an elevated Endless Privileges experience with dedicated in-room butlers catering to every need.
  • Secrets Impression Isla Mujeres (Mexico): Artfully built into the natural landscape of Isla Mujeres, this ultra-luxurious and unique resort is reminiscent of romantic Mediterranean cities along the sea. Expected to open late 2022, this adults-only resort will boast exclusive experiences tailored to preference, butler service and curated gastronomy designed to exceed all expectations.
  • Secrets St. Lucia Resort & Spa (St. Lucia): Slated to open in 2023, this adults-only resort will offer guests a privileged location on the island where they can enjoy a stunning view of dramatically tapered mountains, volcanic beaches, reef-diving sites and fishing villages.
  • Secrets Tides Punta Cana (Dominican Republic): Expected to open Fall 2023, this adults-only resort will provide guests with an intimate hideaway surrounded by all-encompassing foliage, modern architecture and stunning views.
  • Secrets Tulum Resort & Beach Club (Mexico): Located in the heart of the idyllic town of Tulum within the luxurious Aldea Zama Complex, Secrets Tulum is slated to open summer 2023, fusing elegant and boho design with eco-chic elements, jungle themed surroundings uniquely designed by award-winning architect Michael Edmonds.
  • Zoëtry Marigot Bay St. Lucia (St. Lucia): Set to open late 2022, this boutique resort is exclusively located on the island’s most desirable marina, Marigot Bay, complete with swaying palm trees, anchored yachts and a nearby volcanic white sand beach, and will offer both tranquility and easy access to St. Lucia’s top attractions like the nearby Pitons.

Independent Collection hotels are all unique — from storied properties and vibrant neighborhood locales to immersive retreats. This collection offers travelers enriching experiences in distinct and exciting ways, spotlighted by:

  • NUMU, part of The Unbound Collection by Hyatt (Mexico): Guests can discover the beauty, charm and history of San Miguel de Allende at this 44-room unique boutique hotel, which is slated to open in early 2023. With three onsite dining options and the new room key in Apple Wallet feature, NUMU will mark the first Hyatt property in San Miguel de Allende.
  • Rancho Pescadero, part of The Unbound Collection by Hyatt (Mexico): Slated to open in late 2022, this 30-acre oceanfront escape near the artist haven of Todos Santos will offer a focus on world-class wellness, sustainability, culinary and community-driven experiences paired with exemplary guest-centric hospitality.

Newly Opened Properties in Latin America and the Caribbean

In 2022, several notable Hyatt hotels opened in Latin America and the Caribbean, including:

  • Dreams Karibana Cartagena Golf & Spa Resort(Colombia): This groundbreaking resort opened in April and is an all-new, premium Caribbean destination perfectly located in the vibrant, historic city of Cartagena and within the premium gated Karibana community.
  • Hyatt Centric San Salvador(El Salvador): Welcoming guests as of April, the 138-room Hyatt Centric San Salvador marks the first Hyatt property in El Salvador and marries the vibrant city and nightlife with relaxing, nearby surf.
  • Hotel La Compañia(Panama): Hotel La Compañia, The Unbound Collection by Hyatt brand’s first hotel in Panama, opened in Panama City’s Casco Antiguo “old quarter” neighborhood in April and is highlighted by distinctive, historical architecture combined with modern luxury.

Maximize Stays with Rewarding Loyalty Offers

World of Hyatt members planning upcoming travel to destinations in Latin America and the Caribbean can make the most of their upcoming stays with these valuable offers:

  • Bonus Journeys: Through Nov. 15, 2022, World of Hyatt members can register for Bonus Journeys to maximize earnings in two ways:
    • Double Points: Memberscan earn double points on qualifying stays of two (2) or more nights at over 1,100 participating Hyatt hotels globally for stays completed between Sept. 15 and Dec. 20, 2022.
    • Nights Count Double: Along with Double Points, for the first time, each Tier-Qualifying Night completed on eligible stays at more than 65 participating Inclusive Collection properties in the Americas will count as two nights towards World of Hyatt status instead of one for stays completed between Sept. 15 and Dec. 20, 2022. Members can experience one of the world’s largest portfolios of luxury all-inclusive brands and take advantage of Bonus Journeys in destinations such as Mexico, Costa Rica, Colombia, the Caribbean and more. To learn more, visit here.

For more information or to book a stay, please visit hyatt.com.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose — to care for people so they can be their best. As of June 30, 2022, the Company’s portfolio included more than 1,150 hotels and all-inclusive properties in 72 countries across six continents. The Company’s offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Residence Club®, Hyatt Place®, Hyatt House®, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Hyatt Centric®, and Caption by Hyatt; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt, and JdV by Hyatt; and the Inclusive Collection, including Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Vivid Hotels & Resorts®, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. These statements include statements about Hyatt’s pipeline and future hotel openings, expected leisure demand, and planned growth in the Latin America and the Caribbean region, and involve known and unknown risks that are difficult to predict.In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to,risks associated with the acquisition of Apple Leisure Group (“ALG”), including the related incurrence of material additional indebtedness; our ability to realize the anticipated benefits of the acquisition of ALG as rapidly or to the extent anticipated, including successful integration of the ALG business; the duration and severity of the COVID-19 pandemic and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the short and long-term effects of the COVID-19 pandemic, including on the demand for travel, transient and group business, and levels of consumer confidence; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the broad distribution and efficacy of COVID-19 vaccines and treatments, wide acceptance by the general population of such vaccines, and the availability, use, and effectiveness of COVID-19 testing, including at-home testing kits; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business;and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Bianca Flores

Hyatt

[email protected]

KEYWORDS: Illinois Latin America North America United States Caribbean Central America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Vacation Lodging Construction & Property Destinations Travel

MEDIA:

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Hyatt House Monterrey Valle/San Pedro and Hyatt Place Monterrey Valle Exterior (Photo: Business Wire)
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Hyatt Regency Mexico City Insurgentes Exterior (Photo: Business Wire)
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Rancho Pescadero, part of The Unbound Collection by Hyatt (Photo: Business Wire)
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Secrets Impression Isla Mujeres (Photo: Business Wire)
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Zoëtry Marigot Bay St. Lucia (Photo: Business Wire)

BMO’s 18th Global Equity Through Education Trading Day Raises C$1.65 Million for Education and Development of Students in Need

PR Newswire

  • Annual program donates a day’s worth of trading commissions generated by BMO Capital Markets in Toronto, New York, and London
  • Has raised almost C$30 million and supported more than 5000 students since its inception in 2005

TORONTO, NEW YORK, and LONDON, Sept. 21, 2022 /PRNewswire/ – BMO Capital Markets today announced that its 2022 Equity Through Education (ETE) trading day, held on September 20, 2022, raised C$1.65 million toward educational assistance for students around the world.

Every year BMO donates 100 per cent of one day’s institutional equity trading commissions in North America and Europe to charities that provide scholarships, bursaries, mentoring programs, and development opportunities to underprivileged students to help them achieve their potential.

“This year I had the pleasure of being on our London trading floor for Equity Through Education and the energy was inspiring as we watched the donation amount grow throughout the day. This is the 18th year of this program and it’s still going strong – helping BMO Boldly Grow the Good in business and life,” said Dan Barclay, CEO and Group Head, BMO Capital Markets. “ETE benefits promising students around the world through financial aid and development programs that promote diversity and inclusion and help them make progress.”

Opening doors for youth

“Back in my country [Tanzania], girls have always been worried about taking STEM subjects because they think they are only for men. I’m looking at the greater goal: There are people behind me who want to enter into this field of study. If I don’t give it my best, then they won’t be able to make it. So, motivation is greater than the worry,” said Glorious Dongwe, a student in Metals and Energy Finance at Imperial College London and a scholar through BMO’s Equity Through Education program.

The proceeds from this year’s Equity Through Education trading day will go to the following charities:

Since its inception in 2005, the program has raised nearly $30 million and helped more than 5000 students achieve their academic potential. For more information, visit Our Culture.

About BMO Financial Group

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $1.07 trillion as of July 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

Cision View original content:https://www.prnewswire.com/news-releases/bmos-18th-global-equity-through-education-trading-day-raises-c1-65-million-for-education-and-development-of-students-in-need-301629740.html

SOURCE BMO Financial Group

Newtek Business Services Corp. Announces Upcoming Rebranding Strategy and Expanded Services

BOCA RATON, Fla., Sept. 21, 2022 (GLOBE NEWSWIRE) — Newtek Business Services Corp. (Nasdaq: NEWT), an internally managed business development company (“BDC”), announced today its future rebranding strategy in anticipation of the acquisition of the National Bank of New York City (“NBNYC,” and the “Acquisition”), which is pending regulatory approvals and satisfaction of closing conditions. Upon receipt of the pending regulatory approvals and the close of the Acquisition, Newtek plans to change its name to “NewtekOne®” and to rename NBNYC, the 59-year-old nationally chartered bank, “Newtek Bank, National Association.”

The rebranding strategy is consistent with the Company’s three-decade old philosophy developed by Newtek’s CEO Barry Sloane in 1995, when he recognized and nurtured the idea to provide a single set of branded financial and business solutions to address the needs of independent business owners across the United States. Since then, Newtek has solidified its position in the marketplace as the One Solution for All of the Business Needs® for independent business owners, and now plans to expand upon this long-standing model as NewtekOne®. As the soon-to-be rebranded NewtekOne, independent business owners will be able to access their depository functions and money movement capabilities multiple times a week, as well as develop a partnership with NewtekOne through which they can cultivate business relationships, as well as access advice, consultation, analytics and transactional capability. In addition, as part of the rebranding initiative, Newtek will launch several rebranded product lines under the names of Newtek Bank, Newtek Technology, Newtek Payments, Newtek Lending, Newtek Payroll and Newtek Insurance. Newtek will also launch its redesigned corporate website at www.newtekone.com to better clarify, incorporate and explain its strategy and mission of being the one business partner for all our clients’ financial and business needs.

Newtek also previously announced it will launch its dashboard, the Newtek Advantage™, for its depository and non-depository clients upon the opening of Newtek Bank. The Company views the Newtek Advantage as an asset to its customer base as it will offer multiple personal executive relationships to its independent business owner clientele beyond strictly a depository relationship. The Newtek Advantage will allow Newtek clients to easily interact with six unique subject matter experts in the areas of banking, lending, payment processing, technology, payroll and insurance. These relationship managers will advise and consult with each client on their individual needs, and will be available via email, telephone and video conference. Newtek believes the Newtek Advantage will enable it to grow core retail deposits and provide a tremendous advantage to its existing and new clients by aligning Newtek with the important demographic of independent business owners who are considered the economic engine of the U.S. economy. According to the U.S. Small Business Administration Office of Advocacy, in 2021 this demographic represented 32.5 million small businesses in the U.S., which equates to approximately 99% of all U.S. businesses and 46.8% of all U.S. employees.

Barry Sloane, President, Chairman and CEO commented, “As we patiently wait for regulatory approval of our pending acquisition of NBNYC, and thereafter close the Acquisition and convert from a BDC to a bank holding company, we are earnestly preparing for the repositioning of Newtek to better serve its independent-business-owner clientele and enhance shareholder value through the rebranding of Newtek Business Services Corp to NewtekOne. By launching the Newtek Advantage™ dashboard, we will incorporate existing technologies such as our patented NewTracker® referral system and Newtek File Vault technology. For over two decades, Newtek has developed the tremendous capability to acquire clients cost effectively without the use of brokers, business development officers, or a salesforce, through our patented web-based referral system, NewTracker®. Newtek offers business and financial solutions by incorporating state of the art technology with people, process, and proprietary software. Indeed, Newtek has received a total of over 1.9 million referrals through NewTracker from its third-party alliance partners, receiving approximately 100,000 unique business referrals per quarter and expects to continue to partner with existing and new alliance partners utilizing this fully transparent referral system to board new business clientele.”

Mr. Sloane continued, “Newtek’s rebranding to NewtekOne will be an accurate depiction of the corporate philosophy and what Newtek’s business model has embodied for over two decades. I have said many times to the investment community that Newtek is an overnight success, and it only took us 20 years to get there. We have owned and operated the multiple Newtek branded business lines that successfully serve clients with people, process, and frictionless technology in areas of lending, payments, payroll, insurance, and technology solutions; we look forward to aggregating these rebranded offerings, and leveraging our NewtekOne brand, through Newtek Advantage™. We believe Newtek will be able to position itself as the bank of the future, however we believe Newtek Bank will have additional benefits to offer its independent business owner clientele versus what is currently offered by the industry in terms of traditional depository and lending products that lack the benefit of an ongoing relationship to assist with the independent business owner’s needs.”

Mr. Sloane concluded, “We are also looking forward to unlocking additional value in the future by creating partnerships with other financial institutions to deliver our expertise under their brand. For additional detail on our rationale and why we believe this is an advantageous direction for the Company, we encourage you to visit the Investor Relations section of our corporate website at www.newtekone.com where we have posted a presentation, dated August 3, 2022, detailing what the Company might look like as a bank holding company from a financial perspective as well as our second quarter 2022 financial results conference call presentation. We couldn’t be more excited about our future in a new financial and operational structure and anticipate direction from our regulators in the near future.”

Newtek Business Services Corp., Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk.

Newtek’s and its portfolio companies’ products and services include: Business Lending, SBA Lending Solutions, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Newtek® and Your Business Solutions Company® are registered trademarks of Newtek Business Services Corp.


Note Regarding Forward Looking Statements

This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, include our ability to close the pending acquisition of the National Bank of New York City (the “Transaction”), obtain required regulatory approvals for the pending Transaction, the timing of the closing of the Transaction, the timing of the Company’s discontinuance from regulation as a BDC under the 1940 Act, projections concerning or considering the pending Transaction, the timing of our ability to originate new investments, achieve certain margins and levels of profitability, the availability of additional capital and the ability to maintain certain debt to asset ratios, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through http://www.sec.gov/. Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.

SOURCE: Newtek Business Services Corp.


Investor Relations & Public Relations


Contact: Jayne Cavuoto
Telephone: (212) 273-8179 / [email protected]

 



Blackbaud Launches Two New Features for Raiser’s Edge NXT® and eTapestry® Forms to Reduce Costs for Social Good Organizations

PR Newswire

With Complete Cover™ and Donor Cover, Supporters Can Choose Whether to Help Cover a Charitable Organization’s Processing Fees for Online Donations and Event Registration


CHARLESTON, S.C.
, Sept. 21, 2022 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, has announced the general availability of two new features for Blackbaud Raiser’s Edge NXT® and eTapestry® forms in the U.S. and Canada that will help charitable organizations raise more with reduced processing costs associated with online gifts, and event and membership registrations. 

Complete Cover™ and donor cover are two fee-cover models for addressing the online processing costs that any merchant incurs when taking credit card payments. Complete Cover and donor cover will give social good organizations sustainable ways to reduce fees while delighting their supporters with options in how they support the organization and its cause.

Donor Cover

Donor cover is a model widely available in the market that gives supporters information about costs for their specific online transaction. The supporter is given the simple “yes” or “no” option to cover those costs. The outcome for the organization is directly tied to the action of the supporter: the organization pays fees when the supporter chooses not to cover them. The number of supporters who participate determines how much savings an organization can realize.

Complete Cover

Complete Cover is a new model and is unique to Blackbaud in that it covers the organization’s cost of processing, so organizations receive 100% of eligible transactions. It empowers supporters to choose at checkout if they want to contribute toward processing costs. Any extra amount given by a supporter is optional and will go toward enabling and processing the transaction. 

Availability

Both fee-cover models are now available to Blackbaud Raiser’s Edge NXT and Blackbaud eTapestry customers in the U.S. and Canada.  Blackbaud Raiser’s Edge NXT customers will be able to use these features for donation and registration forms, while eTapestry customers can apply the features to donation, event and membership forms. As standard features, Complete Cover and donor cover options will be presented in the form editor tool. Customers have the option to select a cover option of their choosing for each form they create. Learn more about Complete Cover and donor cover for online forms here.

For more information on when these features will be available to more customers, register to attend the Blackbaud Product Update Briefings (Oct. 19-20) to learn more.

About Blackbaud

Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility (CSR) and environmental, social and governance (ESG), school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than four decades, Blackbaud is a remote-first company headquartered in Charleston, South Carolina, with operations in the United States, Australia, Canada, Costa Rica and the United Kingdom. For more information, visit  www.blackbaud.com or follow us on Twitter, LinkedIn, Instagram and Facebook.

Media Inquiries

[email protected] 

Forward-looking Statements

Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

 

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SOURCE Blackbaud, Inc.

SURVEY: Almost 80% of Gen Z Consumers Will Pay to Experience Spatial Audio

PR Newswire

Agora’s new report also found that 60% prefer to use a service with spatial audio in the Metaverse


SANTA CLARA, Calif.
, Sept. 21, 2022 /PRNewswire/ — Agora, Inc. (NASDAQ: API), a pioneer and leading platform for real-time engagement APIs, today announced the results of a commissioned study that examines Gen Z preferences regarding spatial audio. The study is released ahead of RTE2022, the world’s largest conference exploring real-time engagement (RTE) technologies, set to take place from October 10 to October 12, 2022.

Spatial audio enables users to hear three-dimensional (3D) audio, mirroring how sound behaves in the real world, where each sound originates from a specific location. From the Metaverse to video conferencing, spatial audio is creating opportunities to digest video and audio content in new and immersive ways, with companies like Meta and Apple investing heavily in the technology.

For the study, Agora surveyed over 1,500 Gen Z consumers to get their thoughts on spatial audio. Key results include:

Spatial Audio Awareness is Growing

Prior to the survey, nearly half (49%) of respondents had heard of spatial audio, though 51% were either unaware of the technology or not sure if they had heard of it before. Relatedly, half of respondents (50%) agree there have been fewer advances to live audio experiences compared to live video over the years.

“This technology is in its infancy from an adoption standpoint as large technology companies – whether content, software or hardware-focused – are only just beginning to invest in it,” said Tony Zhao, Co-founder and CEO of Agora. “However, its awareness among Gen Z is fairly high – and growing. They are welcoming it as much-needed innovation, especially as interest in the Metaverse and virtual content consumption continues to surge.”

When asked in what setting spatial audio experiences are most important, gaming (24%) and watching TV shows or movies (21%) took the lead, followed by virtual shows or concerts (14%), audiobooks/podcasts (9%), online presentations (9%), and virtual hangouts (9%). Virtual tours of a physical space (8%) and in-store shopping experiences (5%) were deemed the least important settings for spatial audio experiences.

Gen Z is Willing to Invest in Hearing Spatial Audio

In line with Gen Z’s awareness of spatial audio, nearly 80% (79%) of respondents said they would pay for new headphones with spatial audio features – while over one-quarter (28%) say they would pay regardless of price.

“The Gen Z audience sees the value of spatial audio and is willing to invest in the hardware required to experience it,” said Zhao. “These numbers should give technology companies greater confidence when considering whether or not to invest in spatial audio features and capabilities.”

Meanwhile, 26% said they wouldn’t want to pay more than $50 for new headphones with spatial audio capabilities and 25% wouldn’t want to pay more than $100.

Spatial Audio is Key in the Metaverse

Looking at the Metaverse, 60% of Gen Z consumers said they’d prefer to use a Metaverse service with 3D spatial audio, meaning voices and sounds in the virtual environment are heard based on proximity to the sound source. A little over one-third (34%) were neutral, with 6% saying they wouldn’t prefer to use a service with 3D spatial audio in the Metaverse.

“As more brands get involved in the metaverse, technology like spatial audio will be a necessity to creating immersive, engaging experiences during virtual interactions,” said Zhao. “There is clear interest from consumers to invest in hardware to experience spatial audio, and businesses across industries should find ways to get involved in this niche, yet important part of delivering immersive experiences.”

About Agora

Agora is the leading Real-time Engagement Platform as a Service (RTE PaaS) company. Agora’s mission is to make real-time engagement ubiquitous, allowing everyone to interact with anyone, in any application, anytime and anywhere. Agora’s platform provides developers with simple, flexible and powerful application programming interfaces, or APIs, to embed real-time video and voice engagement experiences into their applications.

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SOURCE Agora

21Seeds Tequila Announces “Back To Routine”

PR Newswire

Female-Founded Spirit Inspires Consumers to Adopt Strong Routines for a Successful Fall & Beyond


NEW YORK
, Sept. 21, 2022 /PRNewswire/ — 21Seeds, the award-winning infused tequila, today announces its “Back To Routine” Fall campaign, seeking to inspire consumers to take time for themselves while getting back into the swing of things after a busy summer – sharing top tips for organization, self-care, at home entertaining and more. 21Seeds is the simple cocktail making solution to implement as the seasons change, freeing up time for the most important parts of a routine from reconnecting, planning ahead, and making more time for fun.

21Seeds was founded in 2019 by three female entrepreneurs–sisters Kat Hantas and Nicole Emanuel, alongside their friend Sarika Singh– with a vision to create a great-tasting infused tequila that’s as easy to mix as pouring a glass of wine. Complete with its light touch flavor, 21Seeds makes any tequila cocktail taste better and is perfect for all occasions. Available in Cucumber Jalapeño, Valencia Orange, and Grapefruit Hibiscus, the brand has skyrocketed to popularity for its unique and delicious flavor profiles as well as ease of use.

Like her co-founders, Kat Hantas was a busy mom with a fulfilling day job. Looking for an easy to mix and approachable alternative for wine, Kat kicked off her side-hustle of creating 21Seeds and grew the brand at a meteoric pace1. However, Hantas strongly believes she couldn’t have managed a thriving career, parenting, and a burgeoning entrepreneurial journey without sticking to a set of auspicious routines. As part of the “Back To Routine” campaign, Kat is sharing some of her most useful tips for getting back into the swing of things after a busy summer – from staying organized to hosting made simple with party planning solutions and of course 21Seeds infused tequila.

Teaming up with Kat as part of the “Back To Routine” campaign is lifestyle expert and television personality JoJo Fletcher who also knows a thing or two about finding simple solutions to help make life easier.

“I’m so excited to be sharing some of the routines that are essential in my own day to day schedule with JoJo Fletcher this Fall- from getting back onto the fitness wagon to how to avoid being stuck behind the bar at your next book club gathering,” says Kat Hantas, co-founder of 21Seeds. 

Here are some of Jojo’s best “Back to Routine” tips:

  • For me, getting back to routine starts with getting my selfcare on track and surroundings cleaned up – I always say less is more! Do a deep clean as you transition into the fall season and get rid of the items that no longer bring you daily functionality. Organizational tools such as holders, bins and labels make everything easier as you sort through and find places for items such as on a bar cart. Stick to drinks you make most often and ones with minimal ingredients – my current favorite is 21Seeds because you can make a perfectly simple and refreshing tasting cocktail in seconds.
  • I also love taking a hot shower, doing my nighttime skincare routine & having a hot tea before bed – there is something about a hot tea that calms me down and eases me towards a restful sleep.
  • Another thing that has helped with my self-care is taking walks in the evening a few days a week with Jordan to spend time together just the two of us, away from work and our daily stresses.

Here are some of Kat’s top “Back To Routine” tips:

  • Nothing brings me more joy than spending uninterrupted, quality time with my girlfriends. I recently started a podcast club where we choose a podcast and then gather together to discuss, eat a good meal and enjoy some delicious 21Seeds cocktails. For a quick and easy cocktail solution, I put out a Seed and Soda bar and let my friends make their own drinks exactly the way they want them!

    Seed & Soda Bar
    • 3 bottles of 21Seeds Tequila (valencia orange, grapefruit hibiscus, cucumber jalapeno)
    • A selection of club sodas
    • A nice selection of garnishes (sliced oranges, lemons, limes, grapefruits, fresh basil, fresh mint etc.)
    • A fun selection of glassware (a glass for everyone’s personality)
    • 1 bottle of juice (watermelon, Pineapple etc.)
  • Another thing that sets me up for success as a new season approaches is a new planner. Many folks get their planner in January, but as a mom, we have a different fiscal end of year and that is the end of summer.
  • Lastly, for me, getting back into a routine means working out regularly. My trick is to start small, and it takes 21 days to create a good habit, so for 21 days I start my mornings with a 21-minute workout.

The 21Seeds founders have set out to prove that a good cocktail doesn’t have to be complicated. And with an ABV of 35%, each variant can be mixed into simple-to-make, spritz-style cocktails with only one or two ingredients, such as the brand’s signature serve, the ‘Seed and Soda’.

21Seeds encourages all 21+ consumers to enjoy their easy-to-mix cocktails responsibly.

1 IWSR, 2020: 2019-2020 volume

About 21Seeds

21Seeds was founded in 2019 by three female entrepreneurs – sisters Kat Hantas and Nicole Emanual, along with their friend Sarika Singh – whose vision was to create great tasting, smooth spirits with light touch flavor that are easy to mix and enjoy. In March 2022, Diageo announced its acquisition of the brand, a rapidly growing infused tequila available in three varieties: Valencia Orange, Grapefruit Hibiscus and Cucumber Jalapeño with an ABV of 35%. The founders will continue to work on 21Seeds, collaborating closely with the Diageo North America team utilizing its resources and capabilities to further build on the brand’s success. For more on the 21Seeds portfolio in addition to cocktail recipes, visit www.21seeds.com, and follow the brand on Instagram (@21Seeds) and Facebook (@21Seeds).

About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, Bulleit and Buchanan’s whiskies, Smirnoff, Cîroc and Ketel One vodkas, Casamigos, DeLeon and Don Julio tequilas, Captain Morgan, Baileys, Tanqueray and Guinness.

Diageo is listed on both the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange (LSE: DGE) and their products are sold in more than 180 countries around the world. For more information about Diageo, their people, brands, and performance, visit www.diageo.com. Visit Diageo’s global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice.

Follow on Twitter and Instagram for news and information about Diageo North America: @Diageo_NA.

CONTACT: Jason Greenspan, [email protected]

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SOURCE 21Seeds Tequila

Boeing, Red 6 to Advance Fighter Pilot Training with Augmented Reality

PR Newswire


WASHINGTON
, Sept. 21, 2022 /PRNewswire/ — The future of advanced fighter pilot training is leaping into the virtual world as Boeing (NYSE: BA) and augmented reality developer Red 6 announced they are collaborating to develop leading edge aerial dogfighting technology and training in advanced tactical aircraft. Boeing is the first company to team with Red 6 on this type of advanced training technology.

The joint agreement sets the stage for future integration of Red 6’s Advanced Tactical Augmented Reality System (ATARS), and Augmented Reality Command and Analytic Data Environment (ARCADE) into Boeing manufactured next-generation aircraft. The T-7 and F-15EX platforms could be among the first to receive ATARS and ARCADE.

Using the system, pilots will be able to see and interact with augmented reality aircraft, targets, and threats on the ground or in the air while flying and training in their actual aircraft, reducing the cost of and need for multiple platforms and ‘real world training exercises.’

“We continue to revolutionize the way we train and fight. Red 6’s Augmented Reality system with the pathfinding T-7 and the F-15EX represents another transformational leap in capability. This agreement is the latest example of Boeing’s commitment to investing in technology and our drive to lead innovation in the aerospace and defense sectors,” said Dan Gillian, Vice President, and General Manager of U.S. Government Services for Boeing Global Services.

According to Red 6, ATARS enables a multitude of tactical training scenarios delivered through augmented reality. These include air combat maneuvers, refueling, tactical formation and surface-to-air weapon engagements. ARCADE increases the efficiency of mission planning, briefing, and debriefing through real-time 3D visualizations to construct and re-construct sorties.

“Readiness and lethality are critical if our warfighters are to prevail against peer adversaries. Boeing’s next-generation platforms will be the first aircraft in the world that are capable of entering our augmented reality training environment. Together, we will deliver a paradigm shift in the quality, quantity, and cost of training future pilots,” said Daniel Robinson, Founder and CEO of Red 6.

As a leading global aerospace company, Boeing develops, manufactures, and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability, and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality, and integrity. Join our team and find your purpose at boeing.com/careers.

Red 6, founded in 2018, is the creator of Airborne Tactical Augmented Reality System (ATARS), Combined Augmented Reality Battlespace Operational Network (CARBON), and Augmented Reality Command and Analytic Data Environment (ARCADE). Red 6 systems are the first wide field-of-view, full color demonstrably proven outdoor augmented reality solution that operate in dynamic outdoor environments. Together, they bring virtual and constructive assets into the real-world by allowing pilots and ground operators to see synthetic threats in real-time, outdoors, and critically, in high-speed environments. 

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SOURCE Red Six Aerospace, Inc

Air Products to start construction of second liquid hydrogen plant in Rotterdam

PR Newswire

New plant brings additional liquid hydrogen capacity to Europe


ROTTERDAM, The Netherlands
, Sept. 21, 2022 /PRNewswire/ — Air Products (NYSE: APD) today announced plans to start construction of a second hydrogen liquefaction plant in Rotterdam, the Netherlands. This new source is in addition to the company’s existing liquid hydrogen plant in Botlek, the Netherlands. Once operational in 2025, the plant will double Europe’s total current liquid hydrogen capacity.

Liquid hydrogen produced at the plant will be used to supply increased demands from high tech industries as well as the mobility market. It will contribute to the decarbonisation of heavy-duty vehicles on Europe’s path to climate neutrality by 2050.

Air Products is committed to contribute to the role of hydrogen in the energy transition. This project is an important milestone and a great addition to Air Products’ hydrogen capabilities in Europe.

About Air Products

Air Products (NYSE:APD) is a world-leading industrial gases company in operation for 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world’s largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale carbon-free hydrogen projects supporting global transportation and the energy transition.

The Company had fiscal 2021 sales of $10.3 billion from operations in over 50 countries and has a current market capitalization of nearly $55 billion. More than 20,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.

Cautionary Note Regarding Forward-Looking Statements: This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. 
While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors
, including risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. 
Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

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SOURCE Air Products

AgroFresh to share new innovative freshness solutions; celebrate key accomplishments at Fruit Attraction in Madrid 

AgroFresh experts available at Booth 3C12 to discuss technologies that reduce food loss and waste 

PHILADELPHIA, Sept. 21, 2022 (GLOBE NEWSWIRE) — AgroFresh Solutions, Inc. (NASDAQ: AGFS) (“AgroFresh” or the “Company”) today announced their participation in Fruit Attraction in Madrid Oct. 4-6 at booth 3C12. Organized by IFEMA MADRID and FEPEX, Fruit Attraction is one of the main international trade shows bringing together the fruit and vegetable industry. As a global AgTech innovator and the leader in the fresh produce post-harvest segment, AgroFresh representatives will showcase a full range of freshness solutions and digital technologies that enhance the quality and help extend the shelf life of fresh fruits and vegetables.  

“We look forward to meeting again with our industry colleagues and customers to share AgroFresh’s latest innovations and advancements for reducing food loss and waste,” said Julián Herráiz, General Director for AgroFresh Fruit Protection. “At AgroFresh we’re continually pushing the potential of our post-harvest solutions to benefit an expanding range of crops and markets to help improve freshness and quality at each step of the value chain for growers, packers and retailers.” 

While sharing information about its wide range of innovative freshness solutions, AgroFresh experts will highlight several recent advancements during the show, including: 

  • AgroFresh recently launched VitaFresh™ Botanicals Life Select, an organic plant-based coating that helps keep produce fresh longer and reduces food loss and waste. The new product recently received organic certification from CAAE and is OMRI listed. 
     
  • The company will offer live demonstrations of its FreshCloud™ Inspection, an integrated digital platform that uses aggregated data, machine learning and artificial intelligence to sustainably address food waste reduction and derive quality and supply chain insights, allowing for real time decisions with live analytics. 
     
  • The booth will also highlight FreshStart™ disinfectants that are CAAE certified for stone fruit, pome fruit and citrus. FreshStart degrades quickly without leaving residues and can decrease contaminants in water treatment and help make water recycling more efficient and less costly. 
     
  • AgroFresh Chief Technology Officer Duncan Aust will participate in a panel discussion “Post-Harvest Innovation: The keys for new market access and 0 food-waste” Oct. 6 at 11 a.m. as part of the BioFruit Congress event. Aust will discuss AgroFresh’s recent announcement of a new research collaboration with Novozymes to develop sustainable bio-solutions to fight fungal decay. 

In addition to new offerings, AgroFresh will prominently feature its quality platform directed to the citrus industry, SmartCitrus™ along with SmartFresh™, its flagship solution for pome fruit, stone fruit, persimmon, melon and other fruits. 

Finally, AgroFresh will celebrate some of the company’s key accomplishments from the year. On Sept. 13, AgroFresh received the Award for Innovation in Business granted by Cámara Valencia (Valencia Chamber of Commerce), in Spain. AgroFresh was one of five Valencian companies recognized. The jury selected AgroFresh from a pool of more than 50 nominations, evaluating, among other characteristics, their innovative capacity, business strategy, strategic vision and adaptation to market needs, as well as the ability to collaborate with other companies or organizations in the development of R&D&I projects.

AgroFresh representatives will be available at Fruit Attraction in Hall 3 Booth 3C12 through the run of the show. Learn more about the full portfolio of solutions here www.agrofresh.com.

About AgroFresh  
AgroFresh (Nasdaq: AGFS) is an AgTech innovator and global leader with a mission to prevent food loss/waste and conserve the planet’s resources by providing a range of science-based solutions, data-driven digital technologies, and high-touch customer services. AgroFresh supports growers, packers, and retailers with solutions across the food supply chain to enhance the quality and extend the shelf life of fresh produce. The AgroFresh organization has 40 years of post-harvest experience across a broad range of crops, including revolutionizing the apple industry with the SmartFresh™ Quality System for more than 20 years. This is powered by a comprehensive portfolio that includes plant-based coatings, equipment and proprietary solutions that help improve the freshness supply chain from harvest to the home. To learn more about AgroFresh’s product freshness solutions visit www.agrofresh.com. 

FOR MORE INFORMATION:  

AgroFresh Media Contact 
Mary Roberts 
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/804841fd-ed6b-4adb-9e80-15f370278cda



Morgan Stanley at Work Unveils Second Annual State of the Workplace Financial Benefits Study

Morgan Stanley at Work Unveils Second Annual State of the Workplace Financial Benefits Study

  • Employees are paying more attention to their financial benefits compared to a year ago
  • Employees increasingly expect more clarity and options in workplace benefits; HR leaders agree
  • HR leaders believe their company needs to do a better job helping employees understand how to maximize financial benefits

NEW YORK–(BUSINESS WIRE)–Morgan Stanley at Work released today the latest findings from its second annual State of the Workplace Financial Benefits Study, highlighting the economic challenges employees face amid rising inflation and evolving views on financial benefits.

The study found that employees across age groups are struggling with their personal finances due to inflation and concerns of a recession. Compared to last year, employees are paying more attention to their financial benefits and are looking to their employers for expanded resources and guidance.

  • Employees and employers agree companies should offer the best benefits: Among employees, 60% say they are paying more attention to reviewing their financial benefits compared to a year ago, and an overwhelming 96% of employees agree that their company should ensure it offers the best benefits available in their industry, which aligns with HR leaders’ views (97%).
  • Employees are looking for more benefits: Despite more executives saying they are offering quality financial benefits, 84% of HR leaders (up from 78% in 2021) recall a recent time when an employee has requested a specific type of financial benefit that their current company does not offer.
  • Employers and employees agree there is more work to do: Almost all HR leaders (96%) say “their company needs to do a better job helping employees understand how to maximize the financial benefits offered to them,” an increase from the previous year (93%). Employees largely agree; with 89% saying their company needs to do a better job helping employees understand how to maximize financial benefits, slightly up from 2021 (87%).

“For employees and employers alike, the stakes today are high when it comes to ensuring employee financial wellbeing,” said, Brian McDonald, Head of Morgan Stanley at Work. “In 2021 the effects of Covid were still being felt by many employees when it came to their finances, yet now in 2022, we face a new set of challenges and a very different economic environment. Amid persistently high inflation, many employees are seeking help managing their short and long-term financial needs, such as budgeting, reducing debt, building emergency savings, and planning for retirement. We have seen first-hand that many employers are stepping up to tackle these challenges, yet there remains more work to be done.”

Additional details are available in Morgan Stanley at Work’s State of the Workplace Study, available here. As part of a series of findings from Morgan Stanley at Work’s second annual study, the business will also publish its findings on financial wellness, retirement, and equity compensation.

Methodology: The data from the Morgan Stanley at Work Employees Survey and HR leaders Survey comes from a survey of 1,000 U.S. employed adults and 600 HR leaders for companies. The survey was conducted on behalf of Morgan at Stanley at Work using an email invitation and an online survey between July 13th and July 19th 2022, by Wakefield Research (www.wakefieldresearch.com).

About Morgan Stanley at Work

Morgan Stanley at Work offers a suite of financial solutions, which spans Equity Compensation through Shareworks and E*TRADE Equity Edge Online, Retirement and Financial Wellness Solutions. Morgan Stanley at Work combines cutting-edge planning and Morgan Stanley intellectual capital and financial education delivered through multiple channels to enable employees to build a holistic plan to achieve their financial goals. Shareworks services are provided by Morgan Stanley Smith Barney LLC, member SIPC, and its affiliates, and Equity Edge Online® employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc., both are parts of Morgan Stanley at Work and all wholly owned subsidiaries of Morgan Stanley.

About Morgan Stanley Wealth Management

Morgan Stanley Wealth Management is a leading financial services firm that provides access to a wide range of products and services to individuals, businesses, and institutions, including brokerage and investment advisory services, financial and wealth planning, cash management and lending products and services, annuities and insurance, retirement, and trust services.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit https://www.morganstanley.com/.

Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.

© 2022 Morgan Stanley Smith Barney LLC. Member SIPC.

Media Relations: Katrina Clay, [email protected]; Lindsey Madnick, [email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Professional Services Business Human Resources Finance

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